Analysts Expect Dean Foods (DF) Will Post Quarterly Sales of $1.94 Billion

Equities research analysts forecast that Dean Foods (NYSE:DF) will report sales of $1.94 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Dean Foods’ earnings, with estimates ranging from $1.87 billion to $2.01 billion. Dean Foods posted sales of $1.93 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 14th.

On average, analysts expect that Dean Foods will report full-year sales of $7.77 billion for the current year, with estimates ranging from $7.48 billion to $7.96 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.59 billion per share, with estimates ranging from $6.97 billion to $8.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dean Foods.

Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Dean Foods had a return on equity of 11.68% and a net margin of 0.91%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the business earned $0.13 earnings per share. Dean Foods’s revenue for the quarter was down .8% compared to the same quarter last year.



Several research analysts recently commented on DF shares. Goldman Sachs Group cut Dean Foods from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $10.00 to $8.00 in a research report on Monday, April 16th. ValuEngine cut Dean Foods from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Deutsche Bank started coverage on Dean Foods in a research report on Monday, April 2nd. They issued a “hold” rating and a $9.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Dean Foods in a research report on Monday, February 26th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $7.50 target price (down from $10.00) on shares of Dean Foods in a research report on Tuesday, February 27th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.54.

In other Dean Foods news, SVP Jose A. Motta sold 8,733 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total transaction of $81,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Value Vals Ag Vv bought 15,287 shares of the stock in a transaction dated Thursday, May 17th. The stock was acquired at an average price of $10.25 per share, with a total value of $156,691.75. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in DF. BlackRock Inc. increased its stake in shares of Dean Foods by 14.9% in the first quarter. BlackRock Inc. now owns 13,049,006 shares of the company’s stock valued at $112,482,000 after buying an additional 1,692,082 shares in the last quarter. DSAM Partners London Ltd acquired a new stake in shares of Dean Foods in the fourth quarter valued at $12,991,000. Dimensional Fund Advisors LP increased its stake in shares of Dean Foods by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,040,038 shares of the company’s stock valued at $60,685,000 after buying an additional 1,046,391 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Dean Foods by 18.0% in the fourth quarter. Renaissance Technologies LLC now owns 3,460,000 shares of the company’s stock valued at $39,998,000 after buying an additional 528,700 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Dean Foods by 118.9% in the fourth quarter. Two Sigma Investments LP now owns 876,498 shares of the company’s stock valued at $10,132,000 after buying an additional 476,127 shares in the last quarter. Institutional investors own 82.20% of the company’s stock.

Dean Foods traded up $0.17, hitting $9.70, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 982,512 shares, compared to its average volume of 1,544,139. The stock has a market cap of $870.52 million, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43. Dean Foods has a 52 week low of $8.14 and a 52 week high of $18.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.60 and a quick ratio of 1.14.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, May 21st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, May 18th. This represents a $0.36 annualized dividend and a yield of 3.71%. Dean Foods’s dividend payout ratio is currently 45.00%.

About Dean Foods

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

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Earnings History and Estimates for Dean Foods (NYSE:DF)

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